Facebooks stock structure gives Mark Zuckerberg a blank check investors were OK with that, but the world cant afford to be (FB)

Facebook is under scrutiny for how it handled its knowledge that Cambridge Analytica illicitly collected data on 50 million of its users.
In the wake of the news, Facebook's stock plunged 7% amid worries that it was practically inviting Congress to step in and regulate its network.
This scandal, along with the news that Russian-linked groups exploited Facebook's network to try to influence the 2016 election, might have other CEOs worried about their jobs.
But there's little chance Zuckerberg can be held to account by shareholders or the general public, because Facebook's dual-class stock structure gives him singular control over the company.
If Mark Zuckerberg were a normal CEO, he might emphasis on might be fearing for his job right now.
At a typical company, a scandal the likes of the one involving Cambridge Analytica's illegitimate harvesting and possession of data on 50 million Facebook users might have directors asking some uncomfortable questions of the executive team. Those questions might be particularly pointed if that same company and executive team had already been at the center of a separate but related scandal regarding the 2016 election.
And a CEO who just saw $30 billion of his company's market valuation get evaporated in one day as a result of the most recent scandal might be rushing to get out in front of the news to try to protect his company if not his position.
But Facebook's not a typical company and Zuckerberg is not a normal CEO. No matter how bad…

Facebook created a tool to hide your data from apps but it never launched

One of the most startling revelations of Facebook's ongoing Cambridge Analytica controversy is just how easy it was for a third-party developer to access millions of people's personal data without their knowledge even if they hadn't downloaded the app themselves.
That's because Facebook's policies prior to 2014 were much more lax than they are today. At the time, apps could scrape data from both their users and the friends of those users, unless you had your privacy setting sufficiently locked down.
The company actually built an "Anonymous Login" tool that was specifically created so that Facebook users could log into third-party services without making all of their data available to developers. Read more...More about Tech, Facebook, Apps And Software, Social Media Companies, and Tech

Asian shares fall as Facebook data flap spooks tech stocks

TOKYO (Reuters) - Asian shares fell on Tuesday as investors dumped high-flying U.S. technology shares on fears of stiffer regulation as Facebook came under fire following reports it allowed improper access to user data.

The 24-year-old billionaire heiress to the Dell fortune explains why Silicon Valley is over

Alexa Dell, the daughter of tech billionaire Michael Dell, is following in her father's footsteps working as a business consultant to tech startups.
Born in Austin, Texas, Dell set out for Los Angeles instead of Silicon Valley to launch her career in tech.
The tech elite are moving out of the San Francisco Bay Area in droves because of groupthink and out-of-control housing prices.
When Alexa Dell, the 24-year-old daughter of computer magnate Michael Dell, set out to launch her career in the tech industry, she had eyes for only one global innovation hub.
It wasn't San Francisco.
Dell grew up in Austin, Texas, where her father created Dell Computer Corporation while a student at University of Texas at Austin. The family lived in a sprawling estate called "The Castle," and the global enterprise solutions powerhouse operates its headquarters nearby.
In 2013, Alexa Dell dropped out of college to pursue a career in tech and settled in Los Angeles.
The former Columbia University student started working at a dating app company that she declines to name. Dell took her learnings from the gig and created a tech consulting firm.
Dell also works as a branding consultant for dating app Bumble. Since joining the company as an adviser in 2016, Dell has helped Bumble launch several physical spaces called Hives, where app users attend activities and panel discussions. Dell describes the spaces as "Bumble IRL."
Though the company has headquarters in Austin, Dell works remotely from her hom…

Selling data on millions is the opposite of our business model, says Facebooks Boz

Facebook's former VP of ads has weighed in on the ongoing disaster involving his company's apparent negligence in allowing data on as many as 50 million users to be used for nefarious purposes by Cambridge Analytica. In a post on (what else) Facebook, Andrew "Boz" Bosworth gave variations on the line we've come to expect from tech in these situations: They're not supposed to do that, and anyway how could we have known?

Uber is 'likely' not at fault in the fatal self-driving car crash, local police chief says

Uber is "likely" not at fault in a crash by one of its self-driving cars that killed a 49-year-old woman, the local police chief has said.
The accident, in Tempe, Arizona, is believed to be the first time an autonomous vehicle has killed a pedestrian.
Police investigators have video footage of the crash, though it has not been released to the public.
SAN FRANCISCO Uber is "likely" not at fault in first-of-its-kind fatal self-driving car crash on Sunday in Tempe, Arizona, the local police chief has said.
On Sunday night, one of the transportation company's vehicles operating in autonomous mode hit and killed Elaine Herzberg, 49, in what is believed to be the first time a self-driving vehicle has killed a pedestrian.
Speaking to the San Francisco Chronicle, Tempe police chief Sylvia Moir said that "I suspect preliminarily it appears that the Uber would likely not be at fault in this incident."
There is video of the crash, which investigators are examining but not been released to the public. "Its very clear it would have been difficult to avoid this collision in any kind of mode (autonomous or human-driven) based on how she came from the shadows right into the roadway," Moir said. Police have previously said Herzberg was not using a crosswalk.
There was a vehicle operator in the driver's seat at the time of the crash, and "the driver said it was like a flash, the person walked out in front of them," she said. "His first alert…

No, Stormy Daniels' lawyer didn't say he has Trump dick pics

Chill out, everyone.
Michael Avenatti, a lawyer for Stormy Daniels, didn't just claim he had a picture of Trump's orange wang. (Sorry, allegedly orange.)
SEE ALSO: Stormy Daniels is crowdfunding her lawsuit against Donald Trump because 2018 is wild
A bunch of people on Twitter freaked out after this tweet went viral.
Stormys Lawyer on MSNBC. Ill paraphrase. We have photos of Trumps penis.
Claude Taylor (@TrueFactsStated) March 19, 2018
Even Chrissy Teigen, who is the official queen of the internet, shared her opinion on the matter.
*vomits* well semi-hard pass, thanks https://t.co/Zorr5vzvKB
christine teigen (@chrissyteigen) March 19, 2018 Read more...
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